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Company name Buffalo Wild Wings
Stock ticker BWLD
Live stock price (BWLD: 138.65 -3.63 -2.55%)
P/E compared to competitors Fair

MANAGEMENT EXECUTION

Employee productivity Poor
Sales growth Good
EPS growth Good
P/E growth Good
EBIT growth Good

ANALYSIS

Confident Investor Rating Good
Target stock price (TWCA growth scenario) $216.14
Target stock price (averages with growth) $290.38
Target stock price (averages with no growth) $195.13
Target stock price (manual assumptions) $217.56

The following company description is from Google Finance: http://www.google.com/finance?q=bwld

Buffalo Wild Wings, Inc., is a owner, operator, and franchisor of restaurants. The Company features a variety of menu items, including its Buffalo, New York-style chicken wings spun in any of its 16 types of sauces or five types of seasonings. The Company made-to-order menu also includes items ranging from Sweet BBQ to Blazin. The Company’s restaurants offer 20 to 30 domestic and imported beers on tap, including craft brews, and a selection of bottled beers, wines, and liquor. As of December 30, 2012, it owned or franchised 891 Buffalo Wild Wings restaurants in North America, of which 381 were Company-owned and 510 were franchised. Effective March 19, 2013, it acquired Pie Square Holdings LLC. During the year ended December 30, 2012, the Company acquired 18 Buffalo Wild Wings franchised restaurants.

 

Confident Investor comments: At this price and at this time, I think that a Confident Investor can confidently invest in Buffalo Wild Wings.

If you would like to understand how to evaluate companies like I do on this site, please read my book, The Confident Investor.

For owners of my book, “The Confident Investor” I offer the following analysis (you must be logged in to this site as a book owner in order to see the following analysis). If you have registered and cannot see the balance of this article, make sure you are logged in and refresh your browser.

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I am currently going through my Watch List to ensure that each company still deserves to be on the list. Because of the number of companies on my list, I am going to try to knock out 2 per weekday.

Company name Chicago Bridge & Iron Company N.V.
Stock ticker CBI
Live stock price (CBI: 86.67 -0.77 -0.88%)
P/E compared to competitors Fair

MANAGEMENT EXECUTION

Employee productivity Fair
Sales growth Good
EPS growth Good
P/E growth Good
EBIT growth Good

ANALYSIS

Confident Investor Rating Good
Target stock price (TWCA growth scenario) $806.13
Target stock price (averages with growth) $496.26
Target stock price (averages with no growth) $214.73
Target stock price (manual assumptions) $129.48

The following company description is from Google Finance: http://www.google.com/finance?q=cbi

Chicago Bridge & Iron Company N.V. is an energy infrastructure focused company and provider of government services. The Company operates in four segments: Engineering, Construction and Maintenance, which offers engineering, procurement, and construction for energy infrastructure facilities; Fabrication Services, which provides fabrication of piping systems, process and nuclear modules, fabrication and erection of steel plate storage tanks and pressure vessels for oil and gas and power generation industries; Technology, which offers licensed process technologies, specialized equipment, and engineered products for use in petrochemical facilities, oil refineries, and gas processing plants and provides process planning and project development services, and Government Solutions, which undertakes programs and projects, including design-build infrastructure projects for federal, state and local governments, as well as offers environmental services for government and private sector customers.

 

Confident Investor comments: At this price and at this time, I think that a Confident Investor can confidently invest in Chicago Bridge & Iron Company N.V.

If you would like to understand how to evaluate companies like I do on this site, please read my book, The Confident Investor.

For owners of my book, “The Confident Investor” I offer the following analysis (you must be logged in to this site as a book owner in order to see the following analysis). If you have registered and cannot see the balance of this article, make sure you are logged in and refresh your browser.

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I am currently going through my Watch List to ensure that each company still deserves to be on the list. Because of the number of companies on my list, I am going to try to knock out 2 per weekday.

Company name Compania de Minas Buenaventura SAA
Stock ticker BVN
Live stock price (BVN: 12.73 +0.30 +2.41%)
P/E compared to competitors Good

MANAGEMENT EXECUTION

Employee productivity Good
Sales growth Poor
EPS growth Good
P/E growth Poor
EBIT growth Good

ANALYSIS

Confident Investor Rating Fair
Target stock price (TWCA growth scenario) $20.05
Target stock price (averages with growth) $20.26
Target stock price (averages with no growth) $16.26
Target stock price (manual assumptions) $19.78

The following company description is from Google Finance: http://www.google.com/finance?q=bvn

Compania de Minas Buenaventura SAA (Buenaventura) is a Peru-based mining company engaged in the exploration, mining, smelting and commercialization of gold and silver, as well as other metals and minerals. The Company operates directly seven Peruvian mining units located in Uchucchacua, Orcopampa, Poracota, Julcani, Recuperada, Antapite and Ishihuinca; as well as indirectly the mines of Shila-Paula, La Zanja and Colquijirca. Through its subsidiaries, the Company is also involved in the generation and distribution of electric power, as well as in the provision of engineering and chemical processing services. The Company owns such subsidiaries as Compania Minera Condesa SA, Minera La Zanja SRL, Inversiones Colquijirca SA, Consorcio Energetico de Huancavelica SA, Buenaventura Ingenieros SA, CEDIMIN SAC and Minera Julcani Sa de CV, among others.

 

Confident Investor comments: At this time, I think that a Confident Investor can cautiously invest in Compania de Minas Buenaventura SAA as long as the price is correct. Most of the fundamentals of this company are good but there are some concerns.

If you would like to understand how to evaluate companies like I do on this site, please read my book, The Confident Investor.

For owners of my book, “The Confident Investor” I offer the following analysis (you must be logged in to this site as a book owner in order to see the following analysis). If you have registered and cannot see the balance of this article, make sure you are logged in and refresh your browser.

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I am currently going through my Watch List to ensure that each company still deserves to be on the list. Because of the number of companies on my list, I am going to try to knock out 2 per weekday.

Company name Baytex Energy Corp (USA)
Stock ticker BTE
Live stock price (BTE: 42.14 +0.06 +0.14%)
P/E compared to competitors Good

MANAGEMENT EXECUTION

Employee productivity Good
Sales growth Good
EPS growth Good
P/E growth Good
EBIT growth Good

ANALYSIS

Confident Investor Rating Good
Target stock price (TWCA growth scenario) $63.28
Target stock price (averages with growth) $51.18
Target stock price (averages with no growth) $30.31
Target stock price (manual assumptions) $63.04

The following company description is from Google Finance: http://www.google.com/finance?q=bte

Baytex Energy Corp. (Baytex), through its subsidiaries, are engaged in the business of acquiring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets in Canada (in the provinces of British Columbia, Alberta and Saskatchewan) and in the United States (in the states of North Dakota and Wyoming). On February 3, 2011, the Company acquired heavy oil assets located in the Reno area of northern Alberta and the Lloydminster area of western Saskatchewan. On August 9, 2011, the Company acquired natural gas assets located in the Brewster area of west central Alberta. During the year ended December 31, 2011, it completed two dispositions of undeveloped lands; in the Kaybob South area of west central Alberta, it sold six sections of leasehold, including five sections with Duvernay rights, and in the Dodsland area in southwest Saskatchewan, which it sold 32,600 net acres of leasehold in the halo of the field.

 

Confident Investor comments: At this price and at this time, I think that a Confident Investor can confidently invest in Baytex Energy Corp (USA).

If you would like to understand how to evaluate companies like I do on this site, please read my book, The Confident Investor.

For owners of my book, “The Confident Investor” I offer the following analysis (you must be logged in to this site as a book owner in order to see the following analysis). If you have registered and cannot see the balance of this article, make sure you are logged in and refresh your browser.

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Sean O'Shaughnessey on April 10th, 2014
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wall street photoThere are probably more than 5 things about that you need to understand about investing to be a confident investor. However, none of them are more critical than this list of five. If you get one of these wrong, you are going to struggle being a confident investor.

Here are 5 critical things to know as a confident investor

1. Compound interest is what will make a confident investor rich.

In this hurry up world that we live in, this is frustrating. It also gives credence to the 5th item on this list. It takes time to become rich. Warren Buffett is a great investor, but what makes him rich is that he’s been a great investor for two thirds of a century. Of his current $60 billion net worth, $59.7 billion was added after his 50th birthday, and $57 billion came after his 60th. If Buffett started saving in his 30s and retired in his 60s, you would have never heard of him. His secret is time and consistency.

Most people don’t start saving in meaningful amounts until a decade or two before retirement, which severely limits the power of compounding. That’s unfortunate, and there’s no way to fix it retroactively. It’s a good reminder of how important it is to teach young people to start saving as soon as possible.

This doesn’t mean that all is loss if you are in your 40s or 50s. It does mean that you need to be realistic and not listen to the latest get rich quick scam. As I say in my book, The Confident Investor, I do not believe it is possible to do anything legal and get rich quick.

2. Revenue and profit is why confident investors invest in companies.

Companies that do not generate revenue (and therefore profit), will eventually not be successful. Future revenue or potential revenue or revenue projections are fine but over time revenue needs to come in to the company.

Along the same lines, a company eventually has to be profitable. Profitless growth is fine in some situations, but eventually, the company needs to pay its own bills. Getting money from investors to pay the company’s bills is fine for a young company, but eventually the company has to pay its own way.

The longer it takes to get to revenue or get to profit, the more likely the company has internal problems or a lack of focus. A confident investor will stay away from companies as they are risky and there is no way to be confident that the company will be successful. Past success is the single best indicator of future success – it is safer for a confident investor to invest in growing and profitable companies.

3. Simple is usually better than smart.

A confident investor that bought a low-cost S&P 500 index fund in 2003 earned a 97% return by the end of 2012. That’s great! And they didn’t need to know a thing about portfolio management, technical analysis, or suffer through a single segment of “The Lighting Round.”

Meanwhile, the average equity market hedge fund lost 4.7% of its value over the same period, according to data from Dow Jones Credit Suisse Hedge Fund Indices. The average long-short equity hedge fund produced a 96% total return which is still short of an index fund.

I cover this concept in my book, The Confident Investor, and I have also written articles concerning active funds v. index funds.

4. The odds of the stock market experiencing high volatility are 100%.

Most investors understand that stocks produce superior long-term returns, but at the cost of higher volatility. Yet every time there’s even a hint of volatility, the same cry is heard from the investing public: “What is going on?!”

Nine times out of ten, the correct answer is, “Nothing is going on.” This is what stocks do. They go up and they go down. Sometimes there is nothing going on with the company that is driving the movement. Don’t worry about small variations or even trends that last a week or two.

Since 1900 the S&P 500 has returned about 6% per year, but the average difference between any year’s highest close and lowest close is 23%. Remember this the next time someone tries to explain why the market is up or down by a few percentage points. They are basically describing why it always rains after you wash your car.

5. The industry is dominated by cranks, charlatans, and salesman.

The vast majority of financial products are sold by people whose only interest in your wealth is the amount of fees they can sucker you out of. You need no experience, credentials, or even common sense to be a financial pundit. Sadly, the louder and more bombastic a pundit is, the more attention he’ll receive, even though it makes him more likely to be wrong.

I honestly hope that you don’t think I am one of those people.  :)

Photo by budgetplaces.com

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I am currently going through my Watch List to ensure that each company still deserves to be on the list. Because of the number of companies on my list, I am going to try to knock out 2 per weekday.

Company name Broadcom Corporation
Stock ticker BRCM
Live stock price (BRCM: 30.41 +0.38 +1.27%)
P/E compared to competitors Fair

MANAGEMENT EXECUTION

Employee productivity Good
Sales growth Fair
EPS growth Good
P/E growth Good
EBIT growth Good

ANALYSIS

Confident Investor Rating Good
Target stock price (TWCA growth scenario) $47.45
Target stock price (averages with growth) $59.93
Target stock price (averages with no growth) $45.8
Target stock price (manual assumptions) $39.99

The following company description is from Google Finance: http://www.google.com/finance?q=brcm

Broadcom Corporation (Broadcom), is a global semiconductor solution for wired and wireless communications. Broadcom products seamlessly deliver voice, video, data and multimedia connectivity in the home, office and mobile environment. The Company provides system-on-a-chip (SoC), and software solutions. The Company’s segment includes Broadband Communications, Mobile and Wireless and Infrastructure and Networking. During the fiscal year ended December 31, 2012, operates its business to serve three markets: Broadband Communications, Mobile and Wireless and Infrastructure and Networking. In February 2012, the Company acquired NetLogic Microsystems, Inc. In April 2012, it acquired BroadLight, Inc. In March 2014, completed the acquisition of the 10/40/100Gb Ethernet controller-related assets from Broadcom.

 

Confident Investor comments: At this price and at this time, I think that a Confident Investor can confidently invest in Broadcom Corporation.

If you would like to understand how to evaluate companies like I do on this site, please read my book, The Confident Investor.

For owners of my book, “The Confident Investor” I offer the following analysis (you must be logged in to this site as a book owner in order to see the following analysis). If you have registered and cannot see the balance of this article, make sure you are logged in and refresh your browser.

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I am currently going through my Watch List to ensure that each company still deserves to be on the list. Because of the number of companies on my list, I am going to try to knock out 2 per weekday.

Company name BlackRock, Inc.
Stock ticker BLK
Live stock price (BLK: 307.60 -0.67 -0.22%)
P/E compared to competitors Good

MANAGEMENT EXECUTION

Employee productivity Good
Sales growth Good
EPS growth Good
P/E growth Fair
EBIT growth Good

ANALYSIS

Confident Investor Rating Good
Target stock price (TWCA growth scenario) $398.6
Target stock price (averages with growth) $562
Target stock price (averages with no growth) $499.42
Target stock price (manual assumptions) $396.25

The following company description is from Google Finance: http://www.google.com/finance?q=blk

BlackRock, Inc. (BlackRock) is an investment management firm. The Company provides a range of investment and risks management services. The Company’s clients include retail, high net worth (HNW) and institutional investors, consists of pension funds, official institutions, endowments, insurance companies, corporations, financial institutions, central banks and sovereign wealth funds. The Company’s platform enables the Company to offer active (alpha) investments with index (beta) products and risk management to develop tailored solutions for clients. Its product range includes single- and multi-asset class portfolios investing in equities, fixed income, alternatives and/or money market instruments. In October 2013, BlackRock Inc acquired Macquarie Global Property Advisors Ltd. In January 2014, Forge Group Limited announced that BlackRock Inc. and subsidiaries had ceased to be the substantial holder of Forge Group Limited.

 

Confident Investor comments: At this price and at this time, I think that a Confident Investor can confidently invest in BlackRock, Inc.

If you would like to understand how to evaluate companies like I do on this site, please read my book, The Confident Investor.

For owners of my book, “The Confident Investor” I offer the following analysis (you must be logged in to this site as a book owner in order to see the following analysis). If you have registered and cannot see the balance of this article, make sure you are logged in and refresh your browser.

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I am currently going through my Watch List to ensure that each company still deserves to be on the list. Because of the number of companies on my list, I am going to try to knock out 2 per weekday.

Company name Ascena Retail Group Inc
Stock ticker ASNA
Live stock price (ASNA: 17.11 -0.02 -0.12%)
P/E compared to competitors Good

MANAGEMENT EXECUTION

Employee productivity Poor
Sales growth Good
EPS growth Fair
P/E growth Fair
EBIT growth Fair

ANALYSIS

Confident Investor Rating Fair
Target stock price (TWCA growth scenario) $14.08
Target stock price (averages with growth) $19.53
Target stock price (averages with no growth) $17.12
Target stock price (manual assumptions) $17.86

The following company description is from Google Finance: http://www.google.com/finance?q=asna

Ascena Retail Group, Inc. (Ascena) is a national specialty retailer of apparel for women and teen girls operating, through its wholly owned subsidiaries, the Justice; Lane Bryant; maurices; dressbarn; and Catherines. As of July 28, 2013, the Company operated over 3,900 stores throughout the United States, Puerto Rico and Canada. Ascena operates under five brands: dressbarn, maurices, Catherines, Lane Bryant and Justice. In October 2013, Ascena Retail Group Inc closed the sale of Fig’s, food gift retailer, to Mason Companies, Inc.

 

Confident Investor comments: At this time, I think that a Confident Investor can cautiously invest in Ascena Retail Group Inc as long as the price is correct. Most of the fundamentals of this company are good but there are some concerns. I am removing Ascena from my Watch List as I feel that I have plenty of better performing retail companies.

If you would like to understand how to evaluate companies like I do on this site, please read my book, The Confident Investor.

For owners of my book, “The Confident Investor” I offer the following analysis (you must be logged in to this site as a book owner in order to see the following analysis). If you have registered and cannot see the balance of this article, make sure you are logged in and refresh your browser.

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